Solar-connect: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Solar-connect
Largest movements
- Receivables within one year +€7,766
up €7,766 (+77.4%), from €10,028 to €17,794
of which Trade receivables: +€13,232
- Tangible fixed assets +€3,020
up €3,020 (+70.0%), from €4,312 to €7,331
of which Plant, machinery and equipment: +€4,097
- Profit (loss) carried forward +€13,672
up €13,672, from -€3,810 to €9,862
- Trade debts -€10,084
down €10,084 (-62.3%), from €16,179 to €6,095
- Tax, wage and social debts +€4,016
new in 2025: €4,016
- Other debts +€3,430
new in 2025: €3,430
- Gross operating margin +€20,304
up €20,304, from -€682 to €19,622
- Taxes +€2,685
new in 2025: €2,685
- Depreciation +€1,341
up €1,341 (+144%), from €933 to €2,274
- Staff costs -€642
no longer reported in 2025 (was €642)
- Financial income -€441
no longer reported in 2025 (was €441)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,368 | €25,403 | +€11,035 | +76.8% |
| Fixed assets | 21/28 | €4,312 | €7,331 | +€3,020 | +70.0% |
| Tangible fixed assets | 22/27 | €4,312 | €7,331 | +€3,020 | +70.0% |
| Land and buildings | 22 | €3,958 | €2,358 | -€1,600 | -40.4% |
| Plant, machinery and equipment | 23 | €353 | €4,451 | +€4,097 | +1,160% |
| Furniture and vehicles | 24 | - | €522 | +€522 | |
| Current assets | 29/58 | €10,057 | €18,072 | +€8,015 | +79.7% |
| Amounts receivable within one year | 40/41 | €10,028 | €17,794 | +€7,766 | +77.4% |
| Trade receivables | 40 | €1,668 | €14,900 | +€13,232 | +793% |
| Other amounts receivable | 41 | €8,359 | €2,894 | -€5,465 | -65.4% |
| Cash at bank and in hand | 54/58 | €29 | €278 | +€249 | +857% |
| Total equity and liabilities | 10/49 | €14,368 | €25,403 | +€11,035 | +76.8% |
| Equity | 10/15 | -€1,810 | €11,862 | +€13,672 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,810 | €9,862 | +€13,672 | |
| Amounts payable | 17/49 | €16,179 | €13,541 | -€2,637 | -16.3% |
| Amounts payable within one year | 42/48 | €16,179 | €13,541 | -€2,637 | -16.3% |
| Trade debts | 44 | €16,179 | €6,095 | -€10,084 | -62.3% |
| Suppliers | 440/4 | €16,179 | €6,095 | -€10,084 | -62.3% |
| Taxes, remuneration and social security | 45 | - | €4,016 | +€4,016 | |
| Taxes | 450/3 | - | €4,016 | +€4,016 | |
| Other amounts payable | 47/48 | - | €3,430 | +€3,430 | |
| Remuneration, social security and pensions | 62 | €642 | - | -€642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €2,274 | +€1,341 | +144% |
| Other operating charges | 640/8 | €733 | €937 | +€204 | +27.8% |
| Gross operating margin | 9900 | -€682 | €19,622 | +€20,304 | |
| Operating profit (loss) | 9901 | -€2,990 | €16,411 | +€19,401 | |
| Financial income | 75/76B | €441 | - | -€441 | |
| Recurring financial income | 75 | €441 | - | -€441 | |
| Financial charges | 65/66B | €229 | €54 | -€175 | -76.5% |
| Recurring financial charges | 65 | €229 | €54 | -€175 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,778 | €16,357 | +€19,135 | |
| Income taxes | 67/77 | - | €2,685 | +€2,685 | |
| Profit (loss) for the period | 9904 | -€2,778 | €13,672 | +€16,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,778 | €13,672 | +€16,450 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.